Category Business Transactions (3)

The CARES Act – How Could It Impact Your Tax Situation?

By Christopher Nuss | 03.30.2020

Late Friday, March 27, President Trump signed the third stimulus package (the Coronavirus Aid, Relief, and Economic Security (or CARES) Act) with an estimated cost of $2 trillion to help offset the effects of the COVID-19 virus. The Act contains many tax-related provisions for both businesses and individuals. Of most importance are the following,... Read More

New Grant for Targeted Small Businesses Affected by COVID-19 — Apply Now!

By BrownWinick | 03.29.2020

The Iowa Economic Development Authority (IEDA) is offering grants of up to $10,000 for eligible small businesses that have been economically impacted by COVID-19. Eligible businesses include Targeted Small Businesses (TSB)—businesses owned by women, individuals with minority status, service-connected disabled veterans, and individuals with... Read More

Employers May Apply for the Voluntary Shared Work Program

By BrownWinick | 03.26.2020

Employers may apply for the Voluntary Shared Work Program which permits employers to seek an alternative to layoffs — retaining their trained employees by reducing their hours and wages that can be partially offset with unemployment insurance benefits. Employees who remain employed, even part time, under this program, would not be required to... Read More

Identification of "Essential Business" Employees

By Amy Johnson | 03.26.2020

As more cities and states are moving to require citizens to “shelter in place,” how do “essential business” employees identify themselves? The “shelter in place” orders that have been issued so far have been issued by city or state governments. Each order may have specific nuances; however, the general employee identification form will be similar.... Read More

Clarification Provided on Remote Notarizations

By Karen Karr | 03.25.2020

On March 24, 2020, the Iowa Secretary of State issued guidance for remote notarizations. It clarifies that remote notarization must comply with Section 6 of Senate File 475 and Iowa Administrative Code 721-43, Iowa Code chapter 9B, as summarized in our previous post, Remote Notary Now an Option. Per the Iowa Secretary of State’s guidance, remote... Read More

Webinar: COVID-19 and the Impact on Iowa Business: Guidance for Employers

By Drew Larson | 03.24.2020

[video width="1920" height="1080" mp4="https://brownwinick.com/wp-content/uploads/2020/03/2020-03-23-11.44-BrownWinick-_-ABI-COVID-19-Update.mp4" poster="https://brownwinick.com/wp-content/uploads/2020/03/BW_ABI_COVID-Update.jpg"][/video] Join BrownWinick attorneys and the President of Iowa Association of Business and Industry as they discuss the... Read More

Employer Payroll Tax Credits for COVID-19

By Christopher Nuss | 03.23.2020

Updated 4/1/2020 On March 18, 2020, President Trump signed the “Families First Coronavirus Response Act” into law. The law, which will go into effect on a date chosen by the Treasury Secretary (no later than April 2, 2020), creates two new federally-required employee benefits. BrownWinick has previously written about the new law in detail. The... Read More

Remote Notary Now an Option

By Karen Karr | 03.23.2020

Iowa law requires a notary officer to acknowledge real estate documents that will be recorded, including deeds and mortgages. For years, the acknowledgement required the party signing the document to personally appear before a notary officer. Personal appearance did not include appearances that require video, optical, or similar technology.... Read More

Businesses in All 99 Iowa Counties Now Qualify for SBA Disaster Loans

By Amy Johnson | 03.22.2020

Effective Saturday, March 21, 2020, businesses in all 99 Iowa counties qualify for Small Business Administration (“SBA”) Economic Injury Distress Loans (the “Loans”). The Loans are working capital only loans that are meant to help small businesses weather the ongoing Covid-19 crisis. The credit requirements for the Loans are minimal and include:... Read More

SBA Offers Low Interest Federal Disaster Loans in Designated States

By Amy Johnson | 03.20.2020

UPDATE: On Saturday, March 21st, Governor Kim Reynold announced that the U.S. Small Business Administration (SBA) has issued a disaster declaration for the state of Iowa as of January 31, 2020 and continuing. The declaration allows pandemic-impacted small businesses to apply for low-interest support loans. The declaration comes after Iowa Governor... Read More